I ordered this recording the other week. Disney is known for its award-winning soundtracks anyway (or it used to be until the 90s), but the soundtrack for The Little Mermaid has to be their best work. It's Alan Menken at his best.
Jodi Benson is absolutely gorgeous as Ariel. The most memorable songs have to be 'Part of Your World', 'Part of Your World Reprise' and 'Under the Sea'.
This may be obvious to some people, but the songs on this soundtrack are meant to stand by themselves, i.e. certain dialogues that are part of the songs in the movie may be missing here.
CD 1 definitely gets 5 stars from me!
As for CD 2, this one mainly features cover versions. Generally, I think there can't be enough cover versions of good songs. These ones, however, are more than inferior to the original versions and I don't think they spent a lot of time producing these versions in the studio. In other words, I don't recommend them. Still, they're a nice thing to have I suppose. Never complain about bonus material!